sbb today, page-8

Just be mindful of the volumes.

190M shares got dumped out of escrow.
And you only had 20m IPO shares.
So the total liquidity is only 210M shares.

The remainder are held by CEO Mr Xu for escrow 2 years.

SO the trade able half of the registry has just been completely changed hands in the last month or two.
And you have those who want to accumulate more, and will use every manipulators tactic to do so.

Todays volume 9m or so.
Its just churn, and it represents large but modest portion of the 210m available.
(a couple weeks ago, we had 42m shares exchange hands in one day to put in perspective, so all that buying, and every buyer of every share knows this is a value proposition PE under 3.)

210 playing cards handed out over the last 8 weeks, and there were 9 on the table today.

There are no stale holders here. Every share has a new home, and every buyer knows why they bought.
Nothings changed.

There may be a few residual escrow sellers, clearing out. As well as MS Shanshan hong a major share holder, who has reduced recently.